latest news from great eastern holdings limited:
Great Eastern Holdings Limited (GEH) Announces Management Changes
Mr Tan Hak Leh, CEO (Singapore) steps down.
Mr Christopher Wei, Group CEO of GEH, concurrently assumes the position of CEO (Singapore).
Dr Khoo Kah Siang promoted to General Manager (Singapore).
Great Eastern Holdings Limited (GEH) today announced that Mr Tan Hak Leh, CEO (Singapore) has resigned to pursue another opportunity. His last day of service will be 24 May 2011.
Mr Christopher Wei, Group Chief Executive Officer of GEH, will concurrently assume the position of CEO (Singapore). GEH also announced that Dr Khoo Kah Siang, currently Chief Financial Officer of the Singapore business, has been promoted to assume the newly created position of General Manager (Singapore) and will take charge of the day-to-day running of the business.
Mr Wei said, "We thank Hak Leh for his contributions and wish him well. The fundamentals of our Singapore life and general insurance business are strong, the bench strength of our company is deep and we are delighted to promote from within. Kah Siang has been with us since 2006 and is an Actuary by training, with a Doctorate in Statistics. He has spent the last 16 years in the financial sector, including four years as Deputy Director in the Monetary Authority of Singapore. He will play a prominent role in continuing the disciplined execution of our strategies to grow the Singapore business as we strive to deliver sustainable value to our customers and shareholders."
Dr Khoo commented, "Great Eastern is a leading insurance company in Singapore and is in excellent shape. We have a clear strategy which positions us well for future growth. I look forward to working closely with Chris and the management team to drive our business forward."
my comments:
in the life insurance industry and not unlike any other industry, there will always be key staff movements whether within the same industry or not.
therefore, this announcement is a usual 'happening' and change/s to key personnel can take place anytime and is definitely not a surprise to me.
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